DMG Case Study — WebWare Corporation

A digital asset management company focused on providing workflow and publishing technologies for over 40 major media, advertising and Fortune 1000 companies.

Business Problem:

Diablo Management Group (DMG) was retained to serve as Assignee during the ABC process of WebWare Corporation. DMG sought to retain key personnel while selling the company's assets through an Assignment for the Benefit of Creditors (ABC). DMG sought to:

Follow ABC procedure

Retain key personnel

Settle with creditors

DMG Focus:

DMG marketed the company's assets and validated all prior sales efforts, leading to a closed transaction in approximately one month. With the sale of WebWare's assets, many key technological personnel were available for hire by INSCI, the parent company to WCORP.